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Huge response to sovereign gold bonds may continue, say mkt players

August issue saw record response; all eyes on festival season sales

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Going ahead, experts say the response during the festive season will be crucial

3 min read Last Updated : Aug 19 2020 | 12:44 AM IST

High gold prices appear not to be a deterrent for those investing in gold as is reflected in the latest issue of sovereign gold bonds (SGBs) that opened this month. As much as 6.35 tonnes-worth of bonds were sold, the highest ever, and helped the government raise Rs 3,387 crore.

Going ahead, experts say the response during the festive season will be crucial. This is for two reasons: One, gold prices have seen wide fluctuations in recent trade, and, two, investors might diversify their investments.

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Topics : Sovereign gold bonds

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